
Change Your Paradigm of Money and Debt
We all have a checking account. For most of us, we spend all of the money in our checking account because there is no incentive to keep any money in it since it earns no interest. Then we have a mortgage account--our biggest payment obligation. In the early years of a mortgage, more than 80% of the total payments on a typical 30 year mortgage go towards interest. This is the trap that most Americans find themselves in: paying lots of interest for years with little or no return.
The Sydney Financial Group has developed a way to mimic the results of the mortgage checking accounts used in other countries. We use a second mortgage or Home Equity Line of Credit and convert it into a mortgage checking account or MCA. You don't have to refinance your first mortgage to make this system work for you.
Using a Mortgage Checking Account and using the interest free features of a credit card, we can help you pay down your consumer debt and your mortgage faster than you ever thought possible. And, once you pay down your mortgage or even while you are paying it down, we can also show you how to build up your retirement.
